Everyone: if people are fighting in the thread, flag it and move on. We've had this happen before. Don't engage with them. This, particularly, is the sort of thing you should flag:
Fights are still way more interesting than Mr flowerpods or palms replies.
This is the sort of behavior that deserves to be reported. It fills the thread with trash and makes this place useless for people who want to learn.
Do we have to covert sgd into usd first before buying usd denominated shares like iwda on IB? can we buy first then convert later? I'm asking to see if it makes sense to put limit orders along the way down but not sure what's the sgd equivalent.
Nah. If you've got a margin account, you'll end up with the following:
1) Long the stock;
2) Short USD;
3) Long SGD.
You can then convert SGD into USD at your leisure to square up the margin balance.
Also if the account is a margin account, can we buy first and then fund the account within the same day? Will interest be charged?
Will interest be charged if my net cash position is positive but I have long sgd and short usd cash position?
1) As long as you fund same-day, you won't get charged interest. (You
might get charged two days of margin interest until the FX trade settles, though.)
2) You will, yes. You'll get charged margin interest on the short position, and earn interest on the long position
r.
5. 65k sgd bonds buy or sale of combimed mbh and a35 in a day was my record having to undercut many as I was desperate. It’s bloody damn hard and I’m not always willing to sell or buy from many who goes around mbh n a35 getting them cheap from desperate. Spread could widened so widely Especially second half day and prices can be ridiculous. Took me close to 6
Months amassing 500k sg bonds. Ridiculous.
For anyone else reading this: there are less painful ways to execute A35 and MBH! If you’re trying to buy more than $50k of either fund at a time, notional, you can do a “cash creation”—you give the cash to the fund manager, and they give you the shares at NAV, with no need to wrangle with spreads.
Afternoon,
Have recently stumbled across this forum and read the ST book amongst many others. SG expat (30)
Hey, sounds like you’re in my shoes. Aussie here, lived in SG for a few years, and now I’m in the USA.
I am comfortable with my current ETF exposure/ strategy and when I become more settled will start focusing on the country I plan to retire in. But since I don't know where this will be, I am looking for good international bond ETFs (no bond exposure).
I’d point you to iShares UK’s lineup of bond ETFs.
Firstly, you’ll want to buy corporate bonds rather than government bonds at this point in the cycle. Corporate bond spreads have exploded wider with the breakdown in fixed-income markets this week (in short: corporate bonds are cheap, government bonds are VERY expensive). My usual go-to is LQDA, listed in London—it’s US-dollar-denominated investment-grade corporate bonds.
(I’m not a fan of owning bonds in other currencies—EUR, JPY, etc—because interest rates are so low that I don’t think they adequately compensate for the FX risk. If you do want those zero-interest EUR and JPY corps, though, CORP, listed in London, is the default.)
If you’re looking for Australia-specific (AUD-denominated) exposure, which is not a bad idea given where the south-Pacific peso is trading at the moment: VACF, listed on the ASX, is a great Vanguard-managed Aussie corporate bond fund.
does holding both moderna and innovio together makes sense now that both have fallen from their peaks and both are the most promising to first produce the vaccine?
I think you might be in the wrong thread. Pop over to SSI for stock-specific discussion.
For those whose a significant part of your portfolio is denominated in foreign currency, do you worry about exchange rates? Even if say iwda recovers back to 60, what if usdsgd goes back to 1.3? Does it make sense to actively manage the fx exposure or manage it by selling the holdings and converting back to sgd in its entirety as one gets older and reduces his equity holdings.
Your second point is why I think it’s a good idea to have all your bond exposure in SGD. That way, as you get older, you naturally reduce your FX exposure because you’re bringing everything back to Singaporean bonds, and thus to SGD.
Hello, sorry for the stupid question but what do you mean by "buying at much lower levels than 3 weeks ago"? Do you DCA lower during this period or invest the same amount of money thus buying at a lower price?
Not a stupid question at all. You invest the same amount of money (that’s why it’s called “dollar-cost averaging”), but you can buy more shares for the same amount of money. You end up buying more shares when the price is low, so you get a much better average price.
